Nanollose Ltd

ASX:NC6 ISIN:AU000000NC68

Nanollose Limited (ASX:NC6) is an innovative Australian company that uses a low cost and eco-friendly fermentation process to grow fibres that could become a sustainable alternative to conventional plant-derived cellulose fibres. The Company’s process, which uses streams from various large-scale industries like sugar, wine and food, has the ability to produce ‘Plant-Free’ Cellulose. Cellulose is the hidden building block polymer most consumers know nothing about, but forms a huge part of items used in their everyday life such as clothing, paper and hygiene products.

News

Nanollose Limited (ASX:NC6) (RFA:N0L) is pleased to announce that it has entered into a research agreement ("Agreement") with Murdoch University to progress the Company's research into the use of its microbial cellulose (MC) as a scaffold in tissue engineering.

Nanollose Limited (ASX:NC6) is pleased to announce that in addition to the non-binding Memorandum of Understanding signed in April 2018, a binding research agreement has been executed with Indonesian food producer, PT Supra Natami Utama.

Nanollose Limited (ASX:NC6) is pleased to provide more information around the successful creation of a test garment made from the Company's Nullarbor(TM) fibre. This marks the first time a piece of clothing has been made using our Tree-Free rayon fibre, and is a drastic departure from clothing made from traditional rayon fibre that comes from environmentally challenging wood pulp processing.

Nanollose Limited (ASX:NC6) is pleased to announce that it has obtained favourable findings from the Department of Industry, Innovation and Science which will enable the Company to claim tax rebates on certain overseas research and development expenditure up to $1.419 million over the next three years.

Nanollose Limited (ASX:NC6) is pleased to provide its Appendix 4C cash flow statement for the quarter ending 30th June 2018, together with the following operational update whereby all goals set out in the Company's previous quarterly report have been achieved.

Nanollose Limited (ASX:NC6) is pleased to announce that, following the recent successful pilot scale production of its Plant-Free NullarborTM fibre, Mr Gary Cass will increase his involvement in the Company's research and development. From 11 June 2018 Mr Cass will commence a full-time executive role within Nanollose and transition from non-executive director to executive director of the Company.